Options For Pre-Existing Conditions
Can you get life insurance with pre-existing conditions?
Yes, some life insurance companies offer no medical exam, typically called guaranteed issue or simplified issued policies.
How much coverage can I get without a medical exam?
Depending on your age you can get up to $2 million in coverage.
Start with our application process
We’ll require some basic information from you for the underwriting process.
What To Expect
- Information submitted to underwriters
- Process can take 1 to 3 weeks based on medical history
- Underwriters determine health rating
- Rating provided by insurance company based on age and health
Living Benefits Coverage
- Living benefits that are paid out while your alive help to cover:
- Terminal illness
- Chronic illness
- Critical illness
- Critical injury
Frequently Asked Questions
Do medical conditions affect the premium cost of life insurance?
Yes, pre-existing medical conditions are rated differently by each insurance carrier. Life insurance companies have different requirements that are more favorable to certain medical conditions than other companies. Based on an individual’s age and health, the other criteria to get a health rating from a company is medical history.
Various types of policies are issued every day for people with health conditions. Some of the more common health issue examples include and are not limited to:
- Anxiety and depression
- Heart disease
- High blood pressure
- High cholesterol
- Sleep apnea
What can living benefits be used for?
Since the benefit is unrestricted, once you qualify, you can use the benefit for any reason. Benefits might be used for, but are not limited to:
• Household expenses
• Adult Day Care
• Home modifications
• Regular bills
• Nursing home care
• Quality of life expenditures
Do I qualify for living benefits with a chronic illness?
A doctor has certified, within the past 12 months, that you are unable to perform two out of six “activities of daily living” for a period of at least 90 consecutive days without assistance, or that you are cognitively impaired.
Activities of Daily Living
Generally, the rider needs to be in force for a period of two years. There is an annual limit on the amount of benefits you can receive. There is also a lifetime limit on the amount of benefits you can receive across all Accelerated Benefits Riders.
What do underwriters look for with pre-existing conditions?
Since each life insurance carrier has different underwriting requirements, it is difficult to say what they look for. Generally speaking, if you have health issues, what helps your case to get a favorable insurance rating is making sure you visit your primary care physician, taking medication if needed and prescribed, and overall taking the right steps to care for your health.
What qualifies for living benefits with a critical illness or injury?
Critical Illness includes:
- ALS (Lou Gehrig’s disease)
- Aorta Graft Surgery
- Aplastic Anemia
- Cystic Fibrosis
- End Stage Renal Failure
- Heart Attack
- Heart Valve Replacement
- Major Organ Transplant
- Motor Neuron Disease
- Sudden Cardiac Arrest
Critical Injury includes:
- Severe Burns
- Traumatic Brain Injury
Will I receive the full death benefit if I receive the living benefits?
No. The actual payment you receive will be less than the portion of the death benefit accelerated because the benefits are paid prior to death. Values are based on current interest rates, the age of the policy, and your age and health.
How do I receive living benefits with a terminal illness?
Generally, if you have been diagnosed with a terminal illness that will result in death within 24 months of certification of the illness by a physician.
The benefit payment will be a lump sum. There is no waiting period or annual benefit limit, but there is a lifetime limit on the amount of benefits you can receive across all Accelerated Benefits Riders. Here if you need it You can elect to either:
- Request the full acceleration, on a discounted basis, and use the lump sum as you wish.
- Choose to leave a portion of the policy’s death benefit intact and receive a partial benefit.
- Choose to leave the entire policy intact for your beneficiary.
No Medical Exam
Disclose any medical conditions up front and the process is pretty easy to apply.
Get your insurance rating and policy without having to see a nurse or doctor.
Coverage with health issues
Designed to help people who may not qualify for traditional policies get the coverage they need.